Wisdom of Paying Zakat – Part 2

Our services to the beneficiaries of your Zakat include: Financial Inclusion: AWF brings the prospective beneficiaries into our microcredit and microfinancing scheme by removing the barriers that exclude minority groups like women and differently-abled people. Training on skills acquisition: Beneficiaries will have the opportunity to intern and gain skills that will make them productive in […]

Invitation for AWF’s Annual Zakah Empowerment Workshop

Almubarak Waqf Foundation is hosting a Zakat Empowerment Workshop! This workshop aims to equip Zakat recipients with the knowledge and skills they need to achieve financial independence. What to Expect: * Lectures by Business and Financial Experts * Cheque Presentation Ceremony * Networking Opportunities Share this post and help us reach a wider audience!

Zakat-uL-Fitr: Obligatory Charity before Eid

What is Zakãt-ul-Fitr? It is the obligatory charity given to specific people especially the poor and the needy in a specific time-period with the sole intention of achieving Allah’s pleasure during the fasting of Ramadan. Allah says in the Qur’an: Indeed whosoever purifies himself shall achieve success. And remembers the Name of his Lord and […]

Day 17 of Ramadan: Zakat on Crypto Assets – What You Should Know

What is Zakat? Zakat is a third pillar of Islam. Zakat is an obligatory charity. It is made mandatory for Muslims whose assets reach or exceed the Zakat Nisab. What is Zakat Nisab? It is a threshold which when your wealth reaches or exceeds make it mandatory for you to pay the Zakat. Who Should […]

How to Calculate Your Zakat as an Individual with a Business Venture

As a follow-up to the Zakat series in our previous articles, today we will learn how to calculate Zakat. The example below does not include all the Zakatable items but can be utilised as a template to be used to calculate Zakat. To do this, we have made this MS Excel version of a template […]

How to Calculate your Zakat as an Individual without a Business Venture

As a follow-up to the Zakat series in our previous articles, today we will learn how to calculate Zakat. The example below does not include all the Zakatable items but can be utilised as a template to be used to calculate Zakat. To do this, we have made this MS Excel version of a template […]